OFG Bancorp

Puerto Rico-based regional bank holding company offering banking and wealth management

What OFG Bancorp does

OFG Bancorp is a bank holding company headquartered in San Juan, Puerto Rico. It takes deposits through savings and checking accounts and CDs, and lends to consumers and businesses through mortgages, auto loans, personal loans, credit cards and commercial loans. It also offers brokerage, insurance and trust services to retail and institutional clients.

How OFG Bancorp makes money

It earns most of its income from the spread between interest on its loans and securities and the interest it pays on deposits and borrowings. It also collects fees from mortgage banking, loan sales and securitization, brokerage, insurance, and trust services.

Products & services

• Deposit accounts (savings, checking, CDs, IRAs)
• Mortgage and auto loans
• Consumer loans and credit cards
• Commercial loans
• Wealth management (brokerage, insurance, trust)
• Corporate trust services